Allen & Overy LLP advises Norddeutsche Landesbank Girozentrale on the refinancing of the Finsterwalde II and III solar parks
Allen & Overy LLP has advised Norddeutsche Landesbank Girozentrale on the refinancing of the Finsterwalde II and III solar parks. The solar parks have a total capacity of around 40 MWp and thus rank among the largest solar parks in Germany. The sponsors are DIF Infrastructure II (DIF) and NIBC European Infrastructure Fund (NEIF), operating as a joint venture.
The favourable refinancing conditions currently available offered an attractive refinancing environment, enabling existing credit lines, which were fixed via a long-term KfW refinancing loan, to be repaid early.